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A7A5 Becomes the Largest Non-Dollar Stablecoin in the World, Surging 250% in a Single Day to a Market Cap of $500 Million
Summary: Despite facing multiple sanctions, the A7A5 stablecoin pegged to the Russian ruble has become the largest non-dollar stablecoin in the global market. According to CoinMarketCap and DeFiLlama data, A7A5's market cap reached nearly $500 million on Monday, accounting for approximately 43% of the total market cap of non-dollar stablecoins ($1.2 billion). A7A5 experienced a staggering ...
Despite facing multiple sanctions, the A7A5 stablecoin pegged to the Russian ruble has become the largest non-dollar stablecoin in the global market. According to CoinMarketCap and DeFiLlama data, A7A5's market cap reached nearly $500 million on Monday, accounting for approximately 43% of the total market cap of non-dollar stablecoins ($1.2 billion). A7A5 experienced a staggering 250% increase in market cap on September 25, adding $350 million, surpassing Circle's EURC stablecoin. Despite being associated with sanctioned entities and accused of circumventing Western financial restrictions, A7A5 continues to maintain its growth momentum.
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Link: A7A5 Becomes the Largest Non-Dollar Stablecoin in the World, Surging 250% in a Single Day to a Market Cap of $500 Million [Copy]
